Hong Kong's six new Bitcoin and Ethereum ETFs had a weak debut today, with trading volumes significantly lower than expected, at around HK$87.58 million ($11 million):

⚫️ BTC ETF: $8.5 million

⚫️ ETH ETF: $2.5 million

China Asset Management's spot Bitcoin ETF led the way, with a turnover of HK$37.16 million and AUM of $121.7 million on the day.

The issuer expects initial trading volumes to exceed $100 million. In comparison, the first-day trading volumes of 11 spot Bitcoin ETFs in the United States in January reached $4.6 billion.